{"id":1458,"date":"2018-12-12T11:24:51","date_gmt":"2018-12-12T15:24:51","guid":{"rendered":"https:\/\/solutionsreview.com\/talent-management\/?p=1458"},"modified":"2019-07-05T11:51:59","modified_gmt":"2019-07-05T15:51:59","slug":"talent-management-software-becoming-prime-target-for-hcm-vendors","status":"publish","type":"post","link":"https:\/\/solutionsreview.com\/talent-management\/2018\/12\/12\/talent-management-software-becoming-prime-target-for-hcm-vendors\/","title":{"rendered":"Talent Management Software Becoming Prime Target for HCM Vendors"},"content":{"rendered":"

\"Talent<\/p>\n

As talent management vendors<\/a>\u00a0add significant new value to their offerings, they are becoming increasingly attractive takeover targets by larger human capital management (HCM) vendors. According to the latest Technology Value Matrix for Talent Management<\/a> from Nucleus Research, stand-alone applications are diminishing as the solution becomes more of an embedded solution for HCM, much like AI and analytics.<\/p>\n

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\"Download<\/a><\/p>\n<\/div>\n\t\t<\/div><\/div>\n

The Value Matrix provides a transparent tool to help businesses quickly assess their technology options in a friendly, visual format. Nucleus Research provides a straightforward analysis of tech solutions based on the functionality and usability they deliver. You can easily compare solutions and zero in on those that meet your unique business requirements.\u00a0Leading businesses regularly use the Value Matrix to make better tech decisions.<\/p>\n

The Talent Management Value Matrix Leaders include: Ceridian, Cornerstone OnDemand, Oracle Talent Management Cloud, PeopleFluent, Saba Software, SAP SuccessFactors, SumTotal Systems, and Talentsoft.<\/em><\/p>\n

Talent management systems<\/a> are integrated software solutions built to track and manage the recruitment, professional development and performance of employees and potential candidates. These systems enable the automation of all the processes within the talent management realm and simplify workflows for HR and the company as a whole.<\/p>\n

\u201cWith only a handful of vendors surviving as standalone players against broader HCM offerings, talent management leaders are moving in the right direction<\/a> with new features that support continuous visibility and learning capabilities, but they still need to do a better job of making these complex innovations more digestible for their customers,\u201d said Rebecca Wettemann, VP of research at Nucleus Research.<\/p>\n

Recruiting and retaining employees have become a competitive advantage for talent management vendors as they shift to bottom-up performance review and succession planning models that prioritize individual performance evaluations over broader departmental approaches. Leaders are also increasingly developing better collaboration tools, AI and natural language processing (NLP) capabilities to provide managers and employees with a more continuous and complete view of workplace talent.<\/p>\n

\u201cSuccessful vendors are innovating in the AI and natural language processing space, but adoption of advanced capabilities is still a challenge for many. Future innovations that are on the horizon for talent management include integrated coaching based on individual profiles and communication styles, accounting for the \u201cwhole employee,\u201d and the standard availability of succession planning,\u201d said Trevor White, analyst at Nucleus Research.<\/p>\n

With the current market becoming highly competitive for quality workers, otherwise known as the \u201cwar for talent,\u201d companies are considering HR capital a top priority, and since companies are only as successful as the people within them, it\u2019s important to find, hire and retain quality candidates and top performers. A strong and efficient talent management system can help with attracting and retaining top talent as well as making a bottom-line impact on productivity.<\/p>\n

Vendors are evaluated within the Value Matrix on both usability and functionality \u2013 key drivers of value \u2013 and placed into four categories: Leaders, Experts, Facilitators, and Core Providers.<\/em><\/p>\n

Download the latest\u00a0Talent Management Technology Value Matrix.<\/a><\/p>\n

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Looking for more? Download our\u00a0<\/span>talent management buyers guide<\/a>\u00a0and check out the top-24 products available in the market with full page vendor profiles, key capabilities and questions to ask yourself and the vendor before purchasing a talent management solution. For those just starting the talent management software search process, this is truly the best resource to help get you going.<\/span><\/p>\n

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And don’t forget to follow us on\u00a0Twitter<\/a>,\u00a0LinkedIn\u00a0<\/a>and\u00a0Facebook\u00a0<\/a>for all the latest in Work Tech space!<\/em><\/p>\n

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\"Download<\/a><\/div>\n\t\t<\/div><\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

As talent management vendors\u00a0add significant new value to their offerings, they are becoming increasingly attractive takeover targets by larger human capital management (HCM) vendors. According to the latest Technology Value Matrix for Talent Management from Nucleus Research, stand-alone applications are diminishing as the solution becomes more of an embedded solution for HCM, much like AI […]<\/p>\n","protected":false},"author":34,"featured_media":1459,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[6],"tags":[96,152,80,379],"acf":[],"yoast_head":"\nTalent Management Software Becoming Prime Target for HCM Vendors<\/title>\n<meta name=\"description\" content=\"According to the latest report from Nucleus Research, talent management software is becoming a prime selling target for HCM vendors.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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